Market Reacts to Tight Money and Rail Bill Surges
Market summary notes New York total sales of 950,500 shares and Boston 41,003 as the Cummins railroad bill passes the Senate amid a bank deficit. Call money climbs to 15 percent, spurring mixed stock activity as investors await the money market opening and reserve position.
MENTIONED IN THIS ARTICLE
New York
Boston
Sinclair
Waldorf
Senate
House
Conference Committee
White House
Reserve Bank
New York Reserve Bank
Supreme Court
Cosmopolitan Trust Plans Christmas Bonus for All Employees
President Max Mitchell announced a Christmas bonus for Cosmopolitan Trust Company workers abroad and at 60 Devonshire Street, a substantial percentage of annual salaries. He praised staff loyalty and noted long-time employees who helped the firm grow locally and internationally.
MENTIONED IN THIS ARTICLE
Cosmopolitan Trust Company
Devonshire Street
Max Mitchell
Mitchell
Financial Editor's Notes on German Indemnity and Market Activity
The piece notes Germany paid a large indemnity in gold and that markets respond with mark buying, favoring spot currency over bank checks. It observes rising retail commerce aided by prohibition and generous year-end bonuses, plus questions to editors about mining prospects versus developed mines, with a Vermont reader seeking commodity insights.
MENTIONED IN THIS ARTICLE
Germany
Vermont
Money Market Rates Spark Broad 6 Percent Range
Current prices show brokers' customers' loans, outside brokers' call loans, brokers' commercial loans, customers' commercial loans, and year money all at 6 percent. The uniform rate signals steady credit conditions across sectors.
Major stock syndicate closed after full sale
Benbright & Co and Chandler Wilbur & Co announce the Paige Detroit Motor Car Company 7 per cent preferred stock syndicate, $3,000,000, has been closed. Early earnings for nine months suggest 1919 pretax net around $2.5 million, over eight times the annual dividend on the preferred stock.
MENTIONED IN THIS ARTICLE
Benbright & Co
Chandler, Wilbur & Co
Paige- Detroit Motor Car Company
Yea
Also Mentioned on This Page
The
Old Colony Trust Company
Court Street
Temple Place
Bay State Branch
Boyleton Street
Federal Reserve System
Boston Clearing House Association
Sumatra
New York St
Old Dominion
Arizona
Massachusetts
New Haven
Boston & Maine
International Paper Common
International Motor
Aire
Plane Corp
International Motor Truck Corporation
New Brunswick
Wright Martin Airplane Corporation
Equitable Trust Company
International Motor Company
United States
Cuba
Porto Rico
United Retail Stores
Montgomery, Ward & Co
Chicago
United Retail Stores Company
United Cigar Stores Company
United Retail
E. S. Emerson & CO
State Street
Mutual Divide of
Mutual Divide Mining Company
Nevada
Mutual Divide
Mutual
George L. Ware & CO
Congress Street
Allis-Chalmers
Hide & Ea
H & L Pf
Atchison Pf
Coast Line
Birm & Atl
Corp
Atchison
ALG& WI
Boston Safe Deposit & Trust Company
Franklin
Arch and
Devonshire Streets
B& O
Arrett
Barrett Pf A
Miiaren
Bisewer
Braceseesowes
Booth
Brook UN
Butterick Co
Butte Copper
Butte & Sup
Cal & Arizona
Cal Fuel & I
Cal & Southern
Ches & Chio
Chi RI & Pac
Pacific
Cm& St P
CM & St P Pf
Chic & N’west
Col Gas & Elec
del & Hudson
DL & West
Emerson
Erie
End Johnson Sane
Fed M & Smelt
Fisher Body Pf. Seweeenee
Freeport
James J. Benelisha & CO
Curb Exchange
Exchange Street
Fort Hill
Morton & Co., Inc
State St. Boston
Financial Editor
Lanning
Arizona Silver Mutual Divide
Imperial Seven Metals
Texana
U. S. Steamship Verde Mines
Gulfport
N.Y
Trae
Cal
Washington St
Am. Tel
Tel
N. Y. Air Brake Railway
Stee! Sp’ss
A. F. Dow & CO
Charles E.van Riper
Membr Consolidated Stock Exchange
Broad ST
Diversal Tide Power CO
Canal Street
John A. Knowlton
Treas
Lewis A. Crossett Co
Bris Rubber Co
Upen
Baltimore
Springfield
Providence
Money Market
New York Stock Exchange
Bank and Trust Co
Winslow Taylor
Parker Bldg
Devonshire St
G. F. Redmond &Co
W.N. Withington & Co
Members Consolidated Stock Exchange of
N. Y
BAY State Film CO
Rufus Coffin & CO
Imec
State St
Allen’s
Boston Stock Exchange
Alvarado Arizona Commercial
Arizona Silver Armour
Segregation
Montana
Chili Copper
East Butte Endicott-John
Gulfport Oil
Hecla Divide Inspiration Iron Cap
Locomobile Monarch Mining
Consolidated Nixon-Nevada
Pere Marquette Pioneer Consolidated Silver Reef
Miami Republic Motors
Sou'west
Miami
Union Pacific
United Drug
Vanadium Steel Vulcan
Detiining
Allen
Stock Brokers
F.T. Clee & CO
Worthington Bldg
Arizona Silver Mines CO
EDW. S. van Dyck
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